Mobileye Global (NASDAQ:MBLY) Earns “Sector Perform” Rating from Royal Bank of Canada

Mobileye Global (NASDAQ:MBLY)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued on Tuesday,Benzinga reports. They presently have a $11.00 target price on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 38.99% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Mizuho upped their target price on shares of Mobileye Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Wolfe Research lowered shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. Daiwa Capital Markets downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Needham & Company LLC dropped their target price on shares of Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.00 target price (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.14.

Mobileye Global Stock Up 0.6 %

Mobileye Global stock opened at $18.03 on Tuesday. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48. The firm’s 50-day simple moving average is $14.15 and its 200 day simple moving average is $19.14. The firm has a market capitalization of $14.62 billion, a PE ratio of -4.94 and a beta of 0.07.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently added to or reduced their stakes in MBLY. Vanguard Group Inc. lifted its stake in Mobileye Global by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,175,404 shares of the company’s stock worth $37,789,000 after purchasing an additional 17,692 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Mobileye Global by 9.9% during the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after purchasing an additional 774 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Mobileye Global in the first quarter valued at $69,638,000. B. Riley Wealth Advisors Inc. lifted its stake in Mobileye Global by 24.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after buying an additional 1,248 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Mobileye Global in the first quarter valued at $740,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.